Strategy & Governance
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The ABCs of Analytics !

The ABCs of Analytics ! | Strategy & Governance | Scoop.it

"Big data”—the explosion of quantifiable information, much of it generated by people’s behavior on the Internet and social media—has captured the imagination of companies, academics, and the business press. Executives are rightfully intrigued by the idea of drawing conclusions about their customers’ buying propensities from details of their activity: who they’re connected to, what they like. This promise is born partly of the fact that the data for Internet-based analytics is already being gathered on computers, there to be sorted, filtered, and modeled.

Fouad Bendris's insight:

A Day in the Life - One of the key lessons from the history of marketing science is that when a new data source becomes available, everyone is quick to fall in love with it. But smart companies take a step back and strive for a more holistic view of their customers and markets ...

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Strategy & Governance
Take a seat in the marvellous world of Strategy and understand the complex Governance around it !
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One of the most famous political writings of all time was really a fruitless job application from a struggling bureaucrat ... 

One of the most famous political writings of all time was really a fruitless job application from a struggling bureaucrat ...  | Strategy & Governance | Scoop.it
The Prince" was was circulated as early as 1513 but only published in 1532, five years after the author's death. It effectively established Machiavelli as the father of political science and made his name synonymous with scheming and intrigue. However, in his own career, Machiavelli was somewhat less adept at securing power. Machiavelli started off working as a government bureaucrat in Florence. However, the recently re-established republic was in jeopardy. The city's previous rulers, the powerful Medici family, were waiting for the chance to restore their power !
Fouad Bendris's insight:
You could consider Niccolò Machiavelli's "The Prince" to have been an unsuccessful job application from someone with very little power of his own.
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How to Boost Your (and Others’) Emotional Intelligence

How to Boost Your (and Others’) Emotional Intelligence | Strategy & Governance | Scoop.it
Among the various core ingredients of talent and career success, few personal qualities have received more attention in the past decade than emotional intelligence (EQ), the ability to identify and manage your own and others’ emotions. Importantly, unlike most of the competencies that make it into the HR zeitgeist of buzzwords, EQ is no fad ! 
Fouad Bendris's insight:
It’s possible to change your baseline !
In fact, thousands of academic studies have demonstrated the predictive power of scientific EQ assessments vis-à-vis job performance, leadership potential, entrepreneurship, and employability ... 
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15 skills that are hard to learn but will pay off forever !

15 skills that are hard to learn but will pay off forever ! | Strategy & Governance | Scoop.it

To ascertain which talents are worth the investment, one Quora reader posed the question: "What are the hardest and most useful skills to learn?" We've highlighted our favorite takeaways, as well as a few other skills we thought were important.


from Empathy, Time management, Mastering your sleep, Asking for help, Consistency, Positive self-talk, Minding your business, Knowing when to shut up — and actually doing it, Listening, Resisting gossip, Honesty, Staying present in the moment, Mastering your thoughts, Learning a new language, Speaking up ... 


http://www.businessinsider.fr/uk/skills-that-will-pay-off-forever-2017-1/#-4

 

Fouad Bendris's insight:
The best things in life may be free, but that doesn't mean they won't take time, sweat, and perseverance to acquire. That's especially the case when it comes to learning important life skills. 
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We may have less than 5 years to change how we learn, earn and care ... 

We may have less than 5 years to change how we learn, earn and care ...  | Strategy & Governance | Scoop.it

The world of work is changing, but education and training systems are not keeping pace. A new report charts how to prepare for the opportunities of the fourth industrial revolution.

The rapid pace of change means we need to act urgently. By some estimates the current window of opportunity for action is three-to-five years. This may sound daunting but there are a large variety of robust success stories to learn from and emulate. There are also substantial new commercial opportunities – such as adult education, care services, employment services – that make this space ripe for public-private collaboration.

Fouad Bendris's insight:
This is not surprising - Globalization and technology are accelerating both job creation and destruction. Some estimates have put the risk of automation as high as half of current jobs, while others forecast a considerably lower value of 9%. Still, all occupations will go through change: we found that on average one-third of the skillsets required to perform today’s jobs will be wholly new by 2020 !
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The Big Disconnect in Your Talent Strategy and How to Fix It

The Big Disconnect in Your Talent Strategy and How to Fix It | Strategy & Governance | Scoop.it
As the talent ecosystem evolves to offer more options, talent systems have not kept pace. Typical systems are fragmented between disciplines like HR (which focuses on the internal, “permanent” workforce) and Procurement (which focuses on the external, “contingent” workforce), each with different and competing goals. That leaves most organizations lacking a clear total workforce perspective and no integrated strategy to engage workers at the right time, cost, and contractual arrangement. ManpowerGroup found that 80% of companies lack a reliable picture of their total workforce.
Fouad Bendris's insight:
Don’t treat employees and contractors differently !
Here are five lessons they learned for driving a new, integrated approach to talent:
- Understand your current workforce reality
- Educate leaders on how and why to optimize a blended workforce
- Create one integrated workforce strategy
- Break the silos between HR and Procurement
- Extend the insights beyond talent acquisition decisions
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Software is eating the food world

Software is eating the food world | Strategy & Governance | Scoop.it
Put down that lab-grown meat burger and slimy Soylent shake. Silicon Valley has a better idea than freaky fake food.
But other parts of the industry are doing the opposite: replacing the fake with the real. The newest Silicon Valley food revolution isn't about bio-engineering strange new food replacements, but using algorithms and artificial intelligence (A.I.) to transform how real food is marketed and distributed. That's right: Software is delivering fresh, natural and high-quality food in situations where only junk food was available.
Fouad Bendris's insight:
Silicon Valley has become obsessed with "disrupting" food. Alarming headlines grab the public's attention -- stories about meat grown in labs, flavorless "Soylent" meal replacements and "chickenless eggs." The tech industry is "disrupting" food by replacing the real with the fake ! 


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How Criminals are Using Big Data for Their Crimes

How Criminals are Using Big Data for Their Crimes | Strategy & Governance | Scoop.it
For all the advantages big data has given us, one that has proven especially beneficial is its use in tracking down and capturing criminals.he utilization of massive sets of data to figure out where criminals will strike and how they will act has given a major boost to law enforcement officials. Predictive analysis is key to busting the culprits. Many businesses have embraced this technology has well as they seek to protect their most valuable data ...
Fouad Bendris's insight:
In some cases, the use of big data by criminals is a necessary evolution for them. Many cyber criminals now traffic in massive information, selling valuable data to the highest bidder in the shadowy corners of the internet. A simple data breach at a major organization like Target can result in millions, even tens of millions of records containing multiple data sets falling into their hands. Big data algorithms basically turn stolen data into useful data.
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Standing At The Dumb-End Of Our Smarter Future !

Standing At The Dumb-End Of Our Smarter Future ! | Strategy & Governance | Scoop.it

What could ever be dumb about the fast-arriving internet of things — that seemingly inevitable assemblage of ever more networked devices, products and everything in-between? Dumbness? That would be us: you and me, working-class and professional alike, equally vulnerable! At least, we’ve been made to believe that we are the dumb-end: we’re slower, less analytic, less reliable and more prone to hesitation, emotion and absence. As a result, we may well feel as if we are fated to be short-termers in this brave, new smarter world of work. Yet, it’s not as if we are unnecessary in boosting industrial productivity. No machine that has ever been made can deal as well as we can with notions of: fashion, quirkiness, “customer delight” or ambiguity ... 

Fouad Bendris's insight:
#Algorithmic thinking pretends that it can handle “variance enlargement” (which is quite different from “variance reduction,” where it truly does excel), but it can’t do it instinctively; it fakes it! Networked devices engaged in M2M conversations can optimize what to do, when to do it, and by how much, but do we trust them to ever ask: “why are we doing this in the first place?”
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Le paradoxe des #MOOC : cheval de Troie et vecteur d’éviction… ou Innovation de Rupture ?

Le paradoxe des #MOOC : cheval de Troie et vecteur d’éviction… ou Innovation de Rupture ? | Strategy & Governance | Scoop.it

Dans un environnement globalisé de plus en plus compétitif, les #MOOC pourraient devenir un outil d’éviction à terme des institutions académiques les moins performantes. Voici pourquoi.

Se dessinerait ainsi un processus d’éviction et de concentration des parts de marché avec de puissantes holdings de l’éducation qui résistent aux défis d’un business model complexe. Les #MOOC offrent alors une opportunité de refonder le modèle pédagogique en tirant profit des nouvelles technologies pour les intégrer à des interactions innovantes et motivantes telles que les « classes inversées ». Plus que jamais, le professeur reste au cœur de l’enjeu pédagogique, bénéficiant de nouveaux moyens technologiques pour transformer l’information en acquisition de connaissances !

Fouad Bendris's insight:
Le paradoxe de l’inflation des #MOOC dans un marché globalisé et hyper-compétitif L’alliance de la pédagogie avec le numérique produit donc des cours en ligne. Ce nouveau modèle pédagogique connaît une progression exponentielle. L’émergence des MOOC conduirait alors à augmenter le nombre d’acteurs dans le domaine de l’éducation à distance car universités, écoles et entreprises privées seraient en compétition pour entrer sur ce marché potentiellement très lucratif !
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Understanding why some patents get licensed…while others do not ! 

Understanding why some patents get licensed…while others do not !  | Strategy & Governance | Scoop.it
It is undoubtedly a growing and increasingly important innovation activity with reports that annual global revenues for technology licensing exceed $200 billion (Alvarex and López, 2015). Despite this considerable market for patented technologies, many patents remain unlicensed. It is believed that the overall market for patents could be 70% larger, as many licensors wish to license their technologies but are unable to secure a buyer (licensee) (Gambardella, Giuri and Luzzi, 2007). The traditional approach to studying this question involves focusing on characteristics that reflect the quality of the patent. That is, how do qualities of the patent itself impact its chances of being licensed. We follow and build on this prior research in two important ways.
Fouad Bendris's insight:
#Technology #icensing is an activity where the owner of a patent (the licensor) allows another party (the licensee) the rights to use, adapt and commercialize that patent in exchange for compensation ... 
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How Lean IT impacts business outcomes

How Lean IT impacts business outcomes | Strategy & Governance | Scoop.it
Perfect value Organizations that have implemented Lean are seeing this principle become a reality, according to the Lean Business Report 2016 research from visual product delivery solutions company LeanKit, which surveyed 3,000 executives, consultants and team members between September and November 2015.
The ultimate goal and guiding principle of Lean is creating perfect value for customers through a perfect value creation process with zero waste. In the day-to-day implementations of Lean, that translates to creating more value with fewer resources and inefficiencies ... 
Fouad Bendris's insight:
New research proves just how big an impact a #Lean #methodology can have an enterprise’s bottom-line !
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Building the New “Mega Segments”: Which Content Providers Will Play to Win? 

Building the New “Mega Segments”: Which Content Providers Will Play to Win?  | Strategy & Governance | Scoop.it

Information, media, and entertainment (IME) providers now face a new wave of challenges brought about by digital technologies and business models. Social media giants such as Facebook, Twitter, LinkedIn, and Snapchat, not satisfied with their goal of connecting virtually everyone on the planet, now want to be the windows to the universe of content. Those companies, along with Amazon, Apple, and Google, seek to colonize every corner of the IME space. These titans continue to make massive investments to strengthen their content creation, distribution, and consumption.

Fouad Bendris's insight:
How will this reshape the media landscape? We predict that by 2020, the numerous IME segments will consolidate into three “mega segments” determined by how their business models change and how they interact with customers: 
1-  Players in news and information services will coalesce into information/insight providers, delivering content through social media and digital assistants such as Siri and Google Now.
2 - Companies in broadcast, music, and entertainment will merge to become entertainment experience providers, delivering through their own environments (such as HBO GO) as well as via third parties such as Netflix, Hulu, and YouTube. 
3 - Participants in educational publishing (including educational institutions, providers of assessments, and ancillary services) will combine to become educational outcome providers, helping students gain expertise in a particular field or training for a specific job.
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The 12 key differences between buying and renting a home, in one chart

The 12 key differences between buying and renting a home, in one chart | Strategy & Governance | Scoop.it
Even if you can afford to buy a house, that doesn't always mean it's the right choice to make. What's your goal — to make a profit, or to settle down in a place you really like? What's your credit score? Are you planning to move in the next couple of years? How much cash do you have in the bank? All these factors can affect whether or not you should continue to rent or make the leap and purchase a home.
Fouad Bendris's insight:
Here's what to keep in mind if you're deciding whether to buy or rent a home.
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The Downsides of Being Very Emotionally Intelligent #EQ 

The Downsides of Being Very Emotionally Intelligent #EQ  | Strategy & Governance | Scoop.it

Even EQ is better in moderation.

But is higher EQ always beneficial? Although the downside of higher EQ remains largely unexplored, there are many reasons for being cautious about a one-size-fits-all or higher-is-always-better take on EQ. Most things are better in moderation, and there is a downside to every human trait. Let’s focus again on Gemma and explore some of the less favorable implications of her high EQ.

Fouad Bendris's insight:
Though definitions vary, EQ always comprises intrapersonal and interpersonal skills — in particular high adjustment, sociability, sensitivity, and prudence. Thousands of scientific studies have tested the importance of EQ in various domains of life, providing compelling evidence for the benefits of higher EQ with regards to work, health, and relationships !
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Goodbye car ownership, hello clean air: welcome to the future of transport !

Goodbye car ownership, hello clean air: welcome to the future of transport ! | Strategy & Governance | Scoop.it
Imagine instead a world where fleets of autonomous vehicles that are electric and shared (FAVES) slash the number of vehicles on the road by as much as 90%. Hailing and paying for a ride or delivery is as easy as tapping a smart phone app. Car loans and insurance payments shrink or disappear because renting a vehicle when it would otherwise sit idle (or feeding electricity back to the electric grid) more than pays for it.
Fouad Bendris's insight:
This is what the future of transport will look like, thanks to two cutting-edge technologies.
As P2P marketplaces become more mature and consumers become more comfortable with “ownerless” transportations, some vehicles may “own” themselves as economically autonomous entities
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The New Game of Global Tech

The New Game of Global Tech | Strategy & Governance | Scoop.it

What’s going on in the information and communications technology (ICT) industry? Companies that used to thrive with clearly defined product portfolios are entering one another’s businesses. Erstwhile hardware companies such as Hewlett-Packard (HP) and Xerox have moved into software services. Software companies such as Microsoft, Amazon, and HCL Technologies make smartphones. Companies that used to offshore computer services, such as WiPro, are moving back onshore and competing through the cloud. Telecom companies are building out their Internet of Things connections so trucking companies can monitor fleets and consumers can link up smart homes. In all these categories, profitability is more elusive than it used to be, and no one can be certain about the future — or even the continued existence — of any given sector.

Fouad Bendris's insight:
As distinctions dissolve among the Hardware, Software, Services, and Telecom sectors, Companies are changing how they compete !
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Use Design Thinking to Build Commitment to a New Idea

Use Design Thinking to Build Commitment to a New Idea | Strategy & Governance | Scoop.it

The Normal Way of Generating Commitment… Normally, we commit to an idea when we are rationally compelled by the logic of the idea and we feel emotionally comfortable with it. In the modern world, we focus disproportionately on the logic, assuming that the feelings will naturally follow. Analysis has become the primary tool in this regard. A logically plausible proposition, combined with supporting data, is presented to produce a cognitive “sense of proof.” Hence the modern equation is: logic plus data provides proof, which generates emotional comfort, which leads directly to commitment.

Fouad Bendris's insight:
The problem of the absence of data in the logic + data + emotions equation means that both logic and emotions have to be exceedingly strong. Strong logic alone is not enough to generate commitment to a new idea because logic alone makes us emotionally uncomfortable ... 
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Embracing Bad Ideas To Get To Good Ideas

Embracing Bad Ideas To Get To Good Ideas | Strategy & Governance | Scoop.it

Big companies obsessively ask that question, because their approach to new ideas is that there are good ones than can be developed into revenue generators, and bad ones that should be abandoned as quickly as possible so as not to waste resources. Even as we move into an era of large-scale incubation of new ventures by enterprises, in which large, established companies increasingly play the entrepreneurial game, we see this overwhelming instinct to boil everything down to good idea versus bad idea, conclusively and irrefutably.

Fouad Bendris's insight:
Great VCs invest regularly in things that are, to all outward appearances, nuts. Big companies, by comparison, have no mechanism whatsoever for saying yes to ideas that seem outlandish. But to get to great ideas, they need to be able to do just that. Apple started off selling DIY computer kits, PayPal began as a way to beam money between Palm Pilots, YouTube began as a video dating site. Each of these, in their day, must have seemed like bad ideas. Yet these companies have become the biggest players in now-enormous fields.
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Thinking Outside the Blocks !

Thinking Outside the Blocks ! | Strategy & Governance | Scoop.it
From a strategic point of view, Bitcoin’s importance is less as a currency and more as the early manifestation of its two underlying technologies: token (in this case, bitcoin) and blockchain. A token need not be a digital coin; it can be any kind of digital asset or any digital representation of a physical asset.
The possibilities extend far beyond financial services, to supply chain documentation, land registries, health records, microtransactions, and smart contracts among billions of intelligent devices worldwide. Venture funds and technology companies have committed over $1 billion to using these technologies to disrupt whole industries—or maybe to selling themselves and their services to incumbents to forestall such disruptions. So what principles of economics and strategy will govern this brave new world?
Fouad Bendris's insight:
Digital tokens and blockchains, two distinct but complementary technologies, waste cheap storage to give data the continuity of real-world assets. Bitcoin is just the first application.
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Don’t Waste Your Time on Networking Events

Don’t Waste Your Time on Networking Events | Strategy & Governance | Scoop.it
When inviting your clients or strategic partners, indicate that the invitation is for them and a guest (this is key). Ask them to bring someone who enjoys the activity your event is centered around. And remember that this event is not about making a sales pitch. It’s about building upon existing and potentially new connections. Even though I never pitch my firm at these events, it has become commonplace for at least 50% of my clients’ guests to reach out to learn more about my firm. However, if this doesn’t happen (though I bet it will), your event should still be considered a success.
Fouad Bendris's insight:
There are more-productive ways to build relationships !
The primary goal when planning an event should be to choose an activity your existing clients will enjoy. If you and your best clients share similar passions, start there ;()
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Types of Analytics: Descriptive, Predictive, Prescriptive ! 

Types of Analytics: Descriptive, Predictive, Prescriptive !  | Strategy & Governance | Scoop.it
The big data revolution has given birth to different kinds, types and stages of data analysis. Boardrooms across companies are buzzing around with data analytics - offering enterprise wide solutions for business success. However, what do these really mean to businesses? The key to companies successfully using Big Data, is by gaining the right information which delivers knowledge, that gives businesses the power to gain a competitive edge. The main goal of big data analytics is to help organizations make smarter decisions for better business outcomes. 

 Thomas Jefferson said – “Not all analytics are created equal.”
Fouad Bendris's insight:
Understanding the differences between the three types of analytics – Predictive Analytics, Descriptive Analytics and Prescriptive Analytics.
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A Guide to Solving Social Problems with Machine Learning

A Guide to Solving Social Problems with Machine Learning | Strategy & Governance | Scoop.it

This mix of enthusiasm and trepidation over the potential social impact of machine learning is not unique to local government or even to government: non-profits and social entrepreneurs share it as well. The enthusiasm is well-placed. For the right type of problem, there are enormous gains to be made from using these tools. But so is the trepidation: as with all new “products,” there is potential for misuse. How can we maximize the benefits while minimizing the harm?.

Fouad Bendris's insight:
#Predictive #technology can improve public policy — if we use it right ? 
How #MachineLearning can improve public policy First things first: There is always a new “new thing.” Especially in the social sector. Are these machine learning tools really worth paying attention to?

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Need a Day Off ? 

Need a Day Off ?  | Strategy & Governance | Scoop.it
Here is the strategic manner to play ;() 

Nothing ventured, nothing gained ! 
Fouad Bendris's insight:
Need a Day Off ? Here is the #strategic manner to play !
Nothing ventured, nothing gained ;() 
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China’s New Tool for Social Control: A Credit Rating for Everything !

China’s New Tool for Social Control: A Credit Rating for Everything ! | Strategy & Governance | Scoop.it
More than three dozen local governments across China are beginning to compile digital records of social and financial behavior to rate creditworthiness. A person can incur black marks for infractions such as fare cheating, jaywalking and violating family-planning rules. The effort echoes the dang’an, a system of dossiers the Communist party keeps on urban workers’ behavior. In time, Beijing expects to draw on bigger, combined data pools, including a person’s internet activity, according to interviews with some architects of the system and a review of government documents. Algorithms would use a range of data to calculate a citizen’s rating, which would then be used to determine all manner of activities, such as who gets loans, or faster treatment at government offices or access to luxury hotels.
Fouad Bendris's insight:
The Social Credit System #SCS
Beijing wants to give every citizen a score based on behavior such as spending habits, turnstile violations and filial piety, which can blacklist citizens from loans, jobs, air travel ... 

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Driving Sales Success This Quarter, This Year, and Beyond

Driving Sales Success This Quarter, This Year, and Beyond | Strategy & Governance | Scoop.it
In short, everyone feels the pressure to deliver quarterly results. 
But sales forces that are managed only to meet short-term needs can drift into mediocrity. In extreme cases, the sales culture can become toxic, as salespeople make minor ethical compromises to reach short-term goals, and those behaviors evolve and spread. Over time, sales forces that focus excessively on the short term may not survive.  Achieving a balance between today and tomorrow requires implementing a mix of sales-force decisions and programs to drive success in the short, medium, and long term. And it requires anticipating the future consequences of decisions so that actions that boost immediate results don’t hurt performance down the road .. 
Fouad Bendris's insight:
Focusing only on the short term leads to mediocrity !
Most sales forces focus a good deal of their attention on the short term — on bringing in today’s sales or making this quarter’s numbers. It’s understandable: The sales team wants to be successful
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